Hong Kong's Vigers to Leave
GVA Real-Estate Consortium

By

Motoko Rich Staff Reporter of The Wall Street Journal

Updated May 15, 2002 12:01 a.m. ET

Vigers, a Hong Kong-based real-estate services firm that until recently was the "V" in GVA Worldwide, a Chicago-based group of independent real-estate firms, is joining Global Property Alliance, a rival consortium.

As of July 1, Vigers, which has 16 offices in nine countries, will begin paying dues to Global Property Alliance, which was formed in 1999 by New York-based real-estate firm Julien J. Studley and Lambert Smith Hampton of London. With the addition of Vigers, the consortium now has 10 members...